Bitcoin Price Plunges $600 Billion, Bulls Remain Unfazed

Bitcoin has plummeted $600 billion from its October high, erasing its 2025 gains. The sharp retreat comes despite Wall Street support, institutional cash, and pro-crypto policies from the Trump administration. The market's volatility is expected, but the quick loss of conviction and lack of clear explanations have traders and analysts searching for a new direction. Some default to the four-year halving cycle, while others point to retail cash getting torched and a surprise escalation in trade tensions as potential triggers.